Cryptocurrency Taxation in India: A Comparative Analysis with the US, the UK, and Singapore

Author(s)	Mr. Rachit Pradhan
Country	India
Abstract	As cryptocurrencies popularity is growing the governments are trying to create tax systems that encourages innovation and maintain fiscal control. There was a major shift when cryptocurrencies were recognised as Virtual Digital Assets in India under the Finance Act, 2022 and taxing all the gains at a flat 30%, with no option to offset losses. While these rules strengthen monitoring, they also make the system more rigid and places a heavy burden on investors. This study fills a gap by comparing India’s approach with those of the United States, the United Kingdom, and Singapore using parameters such as tax rates, loss treatment, taxable events and reporting requirements. Using the secondary data and descriptive research design, the study finds that India follows a low flexibility model, whereas the US and the UK adopt more balanced and flexible system and Singapore follows an innovation friendly framework with no capital gains on personal investments. This study recommends differentiated tax rates, limited loss offsets, reduced TDS and clearer classification of investment.
Keywords	Cryptocurrency, Taxation, Virtual Digital Assets, Blockchain, Comparative Analysis
Published In	Volume 8, Issue 1, January-February 2026
Published On	2026-01-19
DOI	https://doi.org/10.36948/ijfmr.2026.v08i01.66950

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